Bitcoin (BTC) Latest Update
Bitcoin's current price is $97,166.24, with a 0.74% increase over the last 24 hours. The market cap stands at $1.89 trillion.
Recent Happenings in Crypto
- *Institutional Investment*: BlackRock's Bitcoin ETF recorded its second-largest inflow since launch, with $970.93 million invested. Other notable investments include Strategy's $1.42 billion Bitcoin acquisition and Semler Scientific's $10 million Bitcoin purchase.
- *Bitcoin Adoption*: El Salvador continues to accumulate Bitcoin despite a $1.4 billion IMF deal. Metaplanet is expanding its Bitcoin operations with a new US subsidiary in Florida, aiming to raise $250 million.
- *Market Trends*: Bitcoin's dominance increased in Q1 2025, while altcoins saw a significant drop. The crypto market experienced a major surge, with digital asset investment products recording $3.4 billion in inflows.
- *Sustainable Energy*: Bitcoin mining's sustainable energy usage rose to 52.4%, according to a Cambridge University study ¹ ².
Expert Predictions
- *Price Predictions*: Veteran trader Peter Brandt predicts Bitcoin's price could rally to $150,000 by summer. Bitwise's head of research forecasts a "base case" of $200,000 for Bitcoin by the end of 2025.
- *Market Volatility*: A significant $8.05 billion worth of Bitcoin and Ethereum options are set to expire, potentially injecting volatility into the market ³.
